The winds of a recession

We have been crossing our fingers lately at Planet Travel. Bookings are starting to show an uptick from a very slow first quarter. But now the economists are warning about the possiblility of a recession and identify the current economy as being caught in stagflation. Stagflation is that condition of rising inflation and a slowing economy. What does that mean to the travel consumer? Deals. Already we have seen fall and winter sales at rates that are well off this summer's record high prices. The latest visitor counts in Las Vegas are showed a drop in May 2006. Although, the reason given was fewer conventions, we think higher gasoline prices and sky high strip room rates are having more of an effect than they realize. Already August travel bookings are down industry wide. Wait and see. The sales are coming.

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